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Business Insurance

Business Insurance

This policy has certain requirements that shall be evaluated by the customer. It is very important to consider them in order to decide which insurance policy satisfies better the policyholder needs.

  • The policyholder must observe and fulfil the terms and conditions of this policy, in so far as they relate to anything to be done or complied with by the insured, as a condition precedent to any liability of MAPFRE Middlesea to make any payment.
  • The insured must, at his own expense, take all reasonable precautions and observe all reasonable recommendations of Mapfre Middlesea to prevent loss or damage and comply with statutory requirements and manufacturers’ recommendations.
  • Every notice and other communication to us required by the policy conditions must be written or printed.

Requirements & Restrictions

  • We will not cover costs, expenses or fees for preparing any claim you execute under this policy.
  • We will not pay for loss or damage occurring or coming from an incident which happens before this policy begins. 
  • Claims resulting from deception by you are not covered. We do not cover either claims arising from the owner’s pre-meditated or malicious acts.
  • Where fraud (including exaggeration) is detected, claims will not be covered and we may refer it to the police for criminal prosecution.
  • Loss or damage to the property insured or any loss or expense resulting or arising therefrom, or caused by ionising radiations, or contamination by radioactivity from any nuclear fuel, or from any nuclear waste from the combustion of nuclear fuel are excluded. Damages caused by radioactive toxic explosive or other hazardous properties of any explosive nuclear assembly or nuclear component are also excluded.
  • Loss or damage directly or indirectly occasioned by, happening through, or in consequence of war, invasion, act of foreign enemy, hostilities (whether war be declare or not), civil war, rebellion, revolution, insurrection or military or usurped power are excluded.
  • We do not cover loss or damage directly occasioned by pressure waves caused by aircraft or other aerial devices travelling at sonic or supersonic speeds.
  • If at the time of any loss resulting in a claim under this policy there is any other insurance or security covering the same loss, we will not be liable to pay or contribute more than a rateable proportion of such loss.
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